HALIFAX, NS — October 2, 2017 — DHX Media Ltd., a leading global children’s content and brands company, today announced that its Board of Directors, supported by its management team, has commenced a process to explore and evaluate potential strategic alternatives focused on maximizing shareholder value. These alternatives could include, among other things, the sale of part or all of the Company, a sale of some of the assets of the Company, a merger or other business combination with another party, or other strategic transactions.
In conjunction with the strategic review, DHX Media has formed a special committee of independent directors to consider and evaluate various strategic alternatives available to the Company. The Strategic Review Committee will be chaired by Donald Wright and includes Elizabeth Beale and Geoffrey Machum, Q.C.
DHX Media’s Board of Directors is committed to fully evaluating appropriate strategic alternatives while simultaneously supporting the Company’s management and employees in their ongoing efforts to deliver great and innovative children’s content and license the Company’s brands globally. The Board believes that pursuing these complementary paths is in the best interests of DHX Media’s shareholders, employees and stakeholders and is designed to maximize value.
The Board of Directors of the Company has not set a timetable for this process nor has it made any decisions related to any strategic alternatives at this time. There can be no assurance that the exploration of strategic alternatives will result in a transaction. The Company does not intend to provide announcements or updates unless or until it determines that further disclosure is appropriate or necessary.